Spotlight on super performance
Superannuation has provided most fund members with stellar returns since last year’s COVID lows. As always though, some funds performed better than others and recent government reforms make it easier to find out how your fund compares.
Your SMSF: Wind it up or pass it on?
Now that new legislation allows a maximum of six members in an SMSF, some fund trustees may be wondering if this could be an easy way to ensure a smooth transfer of their super to the next generation.
The simple answer is yes, but before you start adding your children and their spouses to your fund, it’s essential to develop a detailed SMSF succession plan to head off any potential problems.
SMSF member limit to rise
While it’s not yet in force, the limit on SMSF member numbers is set to increase from the current four to six members later this year.
For some SMSFs, this will be a welcome change and will mean additional family members can join their existing fund.
Weighing up costs and benefits of an SMSF
For many people, the idea of managing and investing your own retirement savings is very appealing.
But there is ongoing debate over whether running your own self-managed super fund (SMSF) is cost effective. So, what are the arguments for and against having your own fund?
Is a self managed super fund (SMSF) right for you?
As anyone who has joined the weekend crowd at Bunnings knows, Australians love DIY. And that same can-do spirit helps explain why 1.1 million Aussies choose to take control of their retirement savings with a self-managed superannuation fund (SMSF).
Tax-effective ways to boost your super
After a year when the average superannuation balance fell slightly or, at best, moved sideways, the summer holidays could be a good opportunity to think about ways to rebuild your savings while being mindful of tax.
SMSFs on the defensive: Is it time to revisit your strategy?
Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands.
Is your super fund balanced?
The recent sell-off on global sharemarkets due to the economic impact of COVID-19 has highlighted the risks of depending too heavily on a single asset class. Even before the current crisis, the ATO was concerned about a minority of self-managed superannuation funds (SMSFs) with up to 90 per cent of their money in a single asset class.
Bankruptcy: Not the end of tax considerations
With personal debt on the rise, many Australians are struggling with their finances. In most cases, a repayment plan can be worked out to get you back in the black. If that’s not feasible, another solution can be to declare bankruptcy, but this can have serious implications if you are running your own small business. […]
Maddern Financial Advisers – ifa Excellence Awards 2018
Maddern Financial Advisers are pleased to announce that we have been nominated for two awards in one of the financial industry’s most prestigious awards. As a local independent financial advising and accounting firm based in Melbourne we are in the running to take out an award at the independent financial advice event of the year. […]